XML 61 R42.htm IDEA: XBRL DOCUMENT
v3.20.4

Securities (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract] |
Fair Value of Securities | The fair value of securities is as follows:
| December 31, 2020
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Available for sale |  |  |  |  |  |  |
U.S. Treasury and federal agencies | $ | 19,750 |  |  | — |  |  | $ | (35) |  |  | $ | 19,715 |
State and municipal | 803,100 |  |  | 35,014 |  |  | (271) |  |  | 837,843 |
Federal agency collateralized mortgage obligations | 144,022 |  |  | 3,448 |  |  | (17) |  |  | 147,453 |
Federal agency mortgage–backed pools | 114,484 |  |  | 4,315 |  |  | — |  |  | 118,799 |
Corporate notes | 9,007 |  |  | 1,208 |  |  | — |  |  | 10,215 |
Total available for sale investment securities | $ | 1,090,363 |  |  | $ | 43,985 |  |  | $ | (323) |  |  | $ | 1,134,025 |
Held to maturity |  |  |  |  |  |  |
State and municipal | $ | 157,421 |  |  | $ | 11,035 |  |  | $ | — |  |  | $ | 168,456 |
Federal agency collateralized mortgage obligations | 2,661 |  |  | 36 |  |  | — |  |  | 2,697 |
Federal agency mortgage–backed pools | 8,594 |  |  | 243 |  |  | — |  |  | 8,837 |
Total held to maturity investment securities | $ | 168,676 |  |  | $ | 11,314 |  |  | $ | — |  |  | $ | 179,990 |
| December 31, 2019
| Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value
Available for sale |  |  |  |  |  |  |
U.S. Treasury and federal agencies | $ | 1,415 |  |  | $ | — |  |  | $ | (2) |  |  | $ | 1,413 |
State and municipal | 396,931 |  |  | 11,288 |  |  | (2,451) |  |  | 405,768 |
Federal agency collateralized mortgage obligations | 267,272 |  |  | 2,543 |  |  | (563) |  |  | 269,252 |
Federal agency mortgage–backed pools | 145,623 |  |  | 1,207 |  |  | (258) |  |  | 146,572 |
Corporate notes | 10,848 |  |  | 923 |  |  | — |  |  | 11,771 |
Total available for sale investment securities | $ | 822,089 |  |  | $ | 15,961 |  |  | $ | (3,274) |  |  | $ | 834,776 |
Held to maturity |  |  |  |  |  |  |
State and municipal | $ | 190,767 |  |  | $ | 7,129 |  |  | $ | (54) |  |  | $ | 197,842 |
Federal agency collateralized mortgage obligations | 4,560 |  |  | 13 |  |  | (5) |  |  | 4,568 |
Federal agency mortgage–backed pools | 12,572 |  |  | 194 |  |  | (29) |  |  | 12,737 |
Total held to maturity investment securities | $ | 207,899 |  |  | $ | 7,336 |  |  | $ | (88) |  |  | $ | 215,147 |
Amortized Cost and Fair Value of Securities Available for Sale and Held to Maturity | The amortized cost and fair value of securities available for sale and held to maturity at December 31, 2020 and December 31, 2019, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.
| December 31, 2020 |  | December 31, 2019
| Amortized Cost |  | Fair Value |  | Amortized Cost |  | Fair Value
Available for sale |  |  |  |  |  |  |
Within one year | $ | 44,206 |  |  | $ | 44,192 |  |  | $ | 37,386 |  |  | $ | 37,321 |
One to five years | 61,594 |  |  | 63,006 |  |  | 41,230 |  |  | 41,293 |
Five to ten years | 136,857 |  |  | 145,102 |  |  | 117,004 |  |  | 122,145 |
After ten years | 589,200 |  |  | 615,473 |  |  | 213,574 |  |  | 218,193 |
| 831,857 |  |  | 867,773 |  |  | 409,194 |  |  | 418,952 |
Federal agency collateralized mortgage obligations | 144,022 |  |  | 147,453 |  |  | 267,272 |  |  | 269,252 |
Federal agency mortgage–backed pools | 114,484 |  |  | 118,799 |  |  | 145,623 |  |  | 146,572 |
Total available for sale investment securities | $ | 1,090,363 |  |  | $ | 1,134,025 |  |  | $ | 822,089 |  |  | $ | 834,776 |
Held to maturity |  |  |  |  |  |  |
Within one year | $ | 7,302 |  |  | $ | 7,327 |  |  | $ | 7,811 |  |  | $ | 7,874 |
One to five years | 42,742 |  |  | 44,358 |  |  | 56,037 |  |  | 57,048 |
Five to ten years | 82,087 |  |  | 88,300 |  |  | 94,756 |  |  | 98,480 |
After ten years | 25,290 |  |  | 28,471 |  |  | 32,163 |  |  | 34,440 |
| 157,421 |  |  | 168,456 |  |  | 190,767 |  |  | 197,842 |
Federal agency collateralized mortgage obligations | 2,661 |  |  | 2,697 |  |  | 4,560 |  |  | 4,568 |
Federal agency mortgage–backed pools | 8,594 |  |  | 8,837 |  |  | 12,572 |  |  | 12,737 |
Total held to maturity investment securities | $ | 168,676 |  |  | $ | 179,990 |  |  | $ | 207,899 |  |  | $ | 215,147 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value | The following table shows the gross unrealized losses and the fair value of the Company’s investments, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position.
| December 31, 2020
| Less than 12 Months |  | 12 Months or More |  | Total
| Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
Investment Securities |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and federal agencies | $ | 17,215 |  |  | $ | (35) |  |  | $ | — |  |  | $ | — |  |  | $ | 17,215 |  |  | $ | (35) |
State and municipal | 56,287 |  |  | (242) |  |  | 1,245 |  |  | (29) |  |  | 57,532 |  |  | (271) |
Federal agency collateralized mortgage obligations | 6,358 |  |  | (17) |  |  | — |  |  | — |  |  | 6,358 |  |  | (17) |
Total securities | $ | 79,860 |  |  | $ | (294) |  |  | $ | 1,245 |  |  | $ | (29) |  |  | $ | 81,105 |  |  | $ | (323) |
| December 31, 2019
| Less than 12 Months |  | 12 Months or More |  | Total
| Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses |  | Fair Value |  | Unrealized Losses
Investment Securities |  |  |  |  |  |  |  |  |  |  |
U.S. Treasury and federal agencies | $ | 1,413 |  |  | $ | (2) |  |  | $ | — |  |  | $ | — |  |  | $ | 1,413 |  |  | $ | (2) |
State and municipal | 129,942 |  |  | (2,374) |  |  | 6,279 |  |  | (131) |  |  | 136,221 |  |  | (2,505) |
Federal agency collateralized mortgage obligations | 68,043 |  |  | (308) |  |  | 23,301 |  |  | (260) |  |  | 91,344 |  |  | (568) |
Federal agency mortgage–backed pools | 24,740 |  |  | (104) |  |  | 37,822 |  |  | (183) |  |  | 62,562 |  |  | (287) |
Total securities | $ | 224,138 |  |  | $ | (2,788) |  |  | $ | 67,402 |  |  | $ | (574) |  |  | $ | 291,540 |  |  | $ | (3,362) |
Sales of Securities Available for Sale | Information regarding security proceeds, gross gains and gross losses are presented below.
| Year Ended December 31
| 2020 |  | 2019 |  | 2018
Sales of securities available for sale |  |  |  |  |
Proceeds | $ | 77,213 |  |  | $ | 98,425 |  |  | $ | 38,519 |
Gross gains | 4,372 |  |  | 168 |  |  | 37 |
Gross losses | (75) |  |  | (243) |  |  | (480) |

X
- Definition Tabular disclosure of fair value of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position, without allowance for credit loss. Includes beneficial interest in securitized financial asset. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=118942371&loc=SL82922954-210456 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118939692&loc=d3e27290-111563 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=118955579&loc=SL82922888-210455 + Details
Name: | us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 325 -URI http://asc.fasb.org/topic&trid=2197064 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 321 -URI http://asc.fasb.org/topic&trid=75115024 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
Name: | us-gaap_InvestmentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets. + References No definition available. + Details
Name: | us-gaap_MarketableSecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118939692&loc=d3e27357-111563 + Details
Name: | us-gaap_ScheduleOfRealizedGainLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration